Petrochemical Headlines
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Saudi's Sipchem Says Affiliate Signs 542.6 Mln Riyal Efficiency Contract
(Thursday, December 08, 2016) An affiliate of Saudi International Petrochemical Co (Sipchem) signed a contract with South Korea's eTEC E&C for work costing 542.6 million riyals ($144.6 million) to raise the efficiency of operations at its methanol plant in Jubail.

Canada Set to Agree Carbon Price, Marking Climate Split with Trump
(Wednesday, December 07, 2016) Canada's government and 10 provinces are set to agree a national carbon price on Friday, doubling down on a bid to cut greenhouse gas emissions just weeks before avowed climate change skeptic Donald Trump becomes U.S. President.

Indonesia Cuts Gas Prices for Some Companies from 2017 - Energy Ministry
(Tuesday, December 06, 2016) Indonesia on Tuesday told energy companies to cut natural gas prices for fertilizer, steel and petrochemical industries starting Jan. 1, 2017, in a renewed effort to bring down domestic gas prices.

Saudi's PetroRabigh Restarts Ethane Cracker -Statement
(Monday, December 05, 2016) Saudi Arabia's PetroRabigh said on Monday it restarted its ethane cracker after maintenance was completed, according to a bourse statement.

Alberta Petrochemical Projects Get C$500 Mln Royalty Credits
(Monday, December 05, 2016) The Canadian oil-producing province of Alberta will offer C$500 million ($377.84 million) in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday.

EU Lawmakers Postpone Vote on Carbon Market Reform until Dec. 15
(Monday, December 05, 2016) A vote by European lawmakers on an overhaul of the EU's Emissions Trading System (ETS) will be postponed until Dec. 15 because major parties remain divided over how far the reforms should go, EU sources said on Monday.

Japan's Idemitsu JV Plans to Expand LPG Use at Naphtha Cracker
(Tuesday, November 29, 2016) The upgrade will boost the cracker's capacity to process propane as feedstock by three or four times, said Hideki Gotoh, deputy general manager of Idemitsu's petrochemical business.

Saudi King Showcases Mining Hub in Push to Move Beyond Oil
(Tuesday, November 29, 2016) Projects include a $5.6 billion phosphate complex which produces fertilizer and chemicals and is operated by Saudi Arabian Mining Co (Ma'aden) in partnership with petrochemical giant Saudi Basic Industries Corp (SABIC).

Saudi Aramco and Adnoc Expanding Into Chemicals Amid Asia Growth
(Monday, November 28, 2016) Both Persian Gulf oil producers are prioritizing a more diverse output of petrochemicals to help wean their economies away from crude.

Iran's Persian Gulf Petrochemical in Talks for $1.1 Billion
(Monday, November 28, 2016) Iran's petrochemicals industry needs $60 billion in foreign investment to more than double chemicals production capacity over the next decade, according to an official with state-run National Petrochemical Co.

Lotte Chemical Considers Raising Yeosu Naphtha Cracking Centre Capacity
(Friday, November 25, 2016) Lotte Chemical Corp said on Friday it's considering raising output capacity at its Yeosu naphtha cracking center, confirming comments by South Korea's energy ministry, as Seoul urges petrochemical firms to boost competitiveness.

Polish Basell Orlen Declares Force Majeure on Some Products
(Thursday, November 17, 2016) Basell Orlen Polyolefins (BOP), Poland based joint venture by LyondellBasell Industries and PKN Orlen announced a force majeure on some of its products, the company's spokeswoman said on Thursday.

Toilets, Trade and Towns; Boom Time for Asia's Plastic Makers
(Wednesday, November 16, 2016) From India's plan to plumb in over 100 million toilets in six years to China's ambitious new Silk Road network and the continued movement of millions of people into cities across Asia, plastic makers face years of strong demand.

Slovnaft to Invest $500 Million by 2020 to Upgrade Petrochemical Unit
(Tuesday, November 15, 2016) The investment is part of MOL's strategy to invest $4.5 billion in petrochemicals by 2030.

Equate Unit Awards Jacobs Contract for Texas MEG Plant
(Tuesday, November 15, 2016) Jacobs Engineering Grouphas received a contract from MEGlobal to provide engineering, procurement and construction management services for a new monoethylene glycol (MEG) manufacturing facility near Freeport, Texas.

Wood Group to Provide Automation Services for Texas PE Plant Project
(Tuesday, November 15, 2016) Wood Group has been awarded a $40 million contract by ExxonMobil Chemical to provide main automation contractor services for a grassroots polyethylene plant to be built in Beaumont, Texas.

ExxonMobil Starts Work on New PE Unit at Beaumont
(Monday, November 14, 2016) Beaumont expansion to create 1,400 construction, 40 permanent jobs, according to ExxonMobil.

Saudi's PetroRabigh Says to Shut Ethane Cracker for 21 Days from Monday
(Sunday, November 13, 2016) Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) will shut its ethane cracker for 21 days effective from Nov. 14 for maintenance, the company said in a bourse filing on Sunday.

Braskem CEO Watching if Trump Presidency Affects Mexican Plant
(Thursday, November 10, 2016) Braskem and Mexican partner Idesa invested $5.2 billion in the Etileno XXI complex that started up in June to turn ethane gas into ethylene and polyethylene per year.

Canada's 'Chemical Valley' City Looks to Lure Green Investment
(Thursday, November 10, 2016) Sarnia, Ontario, home to dozens of Canada's refineries and chemical plants, is lobbying hard to lure a biotech plant to the city as the local petrochemical-powered economy braces for the impact of a provincial carbon-pricing scheme.




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